• MLS® #: 958702
  • 123 53rd Street Nw
  • Albuquerque, NM 87105
  • $575,000
  • 1 Bed, 1 Bath, 6883 SqFt, 0.88 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

NM Apartment Advisors is excited to bring this 9 unit courtyard style community to market for the first time since the Milligan family developed it. Built in 1942, 1947, 1974 & 1992, this 9 unit, 7 building property contains units from small bedrooms to three large houses, a storage building and a bit of extra land.After 60 years of building apartments around the city, including this community, the Milligan family has decided to retire from the rental business and is offering the property as a value add with a high cap rate of 8.40%.Zoned R-ML, the 0.88 acres site has some room for another duplex. (per owner/developer).Although recent renovations have been done, this investment is a value-add opportunity.

Essential Information

  • MLS® #958702
  • Price$575,000
  • Bedrooms1
  • Bathrooms1.00
  • Square Footage6,883
  • Acres0.88
  • Year Built1947
  • TypeResidential Income
  • Sub-TypeMulti Family
  • StatusPending

Community Information

  • Address123 53rd Street Nw
  • Area111 - Ladera Heights
  • SubdivisionLomita Encantada Subdivision
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87105

Interior

  • InteriorCarpet, Vinyl
  • AppliancesRefrigerator
  • HeatingOther, See Remarks
  • CoolingEvaporative Cooling
  • # of Stories2
  • StoriesTwo

Exterior

  • ConstructionFrame

Additional Information

  • Date ListedDecember 5th, 2019
  • Days on Market117
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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on April 3rd, 2020 at 4:01pm MDT.